Average Weekly Hours of Production Employees: Education and Health Services: Ambulatory Health Care Services in Minnesota
SMU27000006562100007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.90
Year-over-Year Change
-6.85%
Date Range
1/1/2001 - 7/1/2025
Summary
This trend measures the average weekly hours worked by production employees in the ambulatory health care services industry in Minnesota. It provides insight into labor market conditions and productivity in the state's healthcare sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The average weekly hours trend for production employees in Minnesota's ambulatory health care services industry is an important economic indicator. It reflects changes in labor demand, workforce utilization, and operational efficiency within a key component of the state's healthcare system.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this metric to assess the performance and labor market dynamics of Minnesota's ambulatory healthcare services.
Key Facts
- Minnesota's ambulatory healthcare services employ over 130,000 workers.
- Average weekly hours have increased by 2.5% over the past 5 years.
- This trend reached a record high of 35.6 hours in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of weekly hours worked by production employees in the ambulatory healthcare services industry in Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions, productivity, and operational efficiency within Minnesota's ambulatory healthcare sector, which is a key part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess the performance and labor market dynamics of Minnesota's ambulatory healthcare services, which can inform workforce, healthcare, and economic development policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Education and Health Services: Ambulatory Health Care Services in Minnesota (SMU27000006562100007), retrieved from FRED.